Square-Enix Annual Report Shows Growth, a Push to VR

It is always interesting to read a financial report from companies you look at all the time. Seeing how well each segment of the business is doing, rather than hearing it from a PR rep. It seems Square Enix’s annual report is out, and it shows some very interesting information about the company and where they are headed.

Overall Square Enix is showing growth in the majority of its segments; they’re showing a total net sales of 167,891 Million Yen (1.3 Billion USD) compared to 155,023 (1.2 Billion USD) Million in 2014. It should also be noted, that although they displayed a solid increase in sales, the total assets for the company did drop year over year from 216,617 (1.8 Billion USD) Million Yen in 2014 to 211,938 (1.7 Billion USD) Million Yen in 2015.

Beyond the financial information, the report gives an idea of what we should expect for Square Enix in the future. It seems we will see more HD remakes from the studio stating “We will revitalize some of our strong IP in ways that meet the needs of the modern gaming market.For example, we will take an IP developed for earlier generations of game consoles and recreate it for the latest consoles, while also proactively developing versions for play on smart devices.”

It goes on to discuss ” possibilities involving VR (virtual reality) and other new platforms.” It may be interesting to see some classic Square IPs on VR, but I am curious how they will make that transition.

Another point of note for anyone in South America and Asia, Square Enix has its sights set on you. Within the report, they go out to say that these markets are key areas they plan to focus on expanding into more within the next year.

All was not good for the major publisher, it seems there amusements segment of the Square business is facing a decline compared to last year. With the year over year net sales dropping 13.3% and operating income dropping 20%.

Despite this, it seems Square Enix is in strong financial standings, and will continue to push forward with exciting titles.